Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Rumpke & Rumpke, LLC, asking that the City sell the portion of the Yoeman Street right-of-way between Penny Street and The Norfolk Southern Railway. Transfer of this right-of-way will facilitate expansion and improvements to property currently owned by Rumpke & Rumpke, LLC. Per current practice, comments were solicited from interested parties, including City agencies, private utilities and the applicable area commission, before it was determined that, subject to the retention of a general utility easement for those utilities currently located within this right-of-way, the City will not be adversely affected by the transfer of this right-of-way.
The Department of Public Service submitted a request to the Department of Law, Real Estate Division, asking that they establish a value for this right-of-way. A value of $5,780.00 was established for this right-of-way. After review of the request, the Land Review Commission voted to recommend the above referenced right-of-way be transferred to Rumpke & Rumpke, LLC for $5,780.00.
2. FISCAL IMPACT:
The City will receive a total of $5,780.00 that will be deposited in Fund 748, Project 537650, as consideration for the transfer of the requested right-of-way.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer the portion of the Yoeman Street right-of-way between Penny Street and The Norfolk Southern Railway.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from Rumpke & Rumpke, LLC, asking that the City transfer the portion of the Yoeman Street right-of-way between Penny Street and The Norfolk Southern Railway to them; and
WHEREAS, acquisition of the right-of-way will allow Rumpke & Rumpke, LLC to perform improvements and enhancements on property that is currently owned by Rumpke & Rumpke, LLC; and
WHEREAS,...
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